Buying ahead of the election

Buying ahead of the election

Have you been thinking about taking that step and buying your first home in Urmston or even upsizing to a bigger property? If you’re holding back until after the election because you think there’s too much uncertainty in the current market – DON’T. Here at VitalSpace, we feel that buying ahead of the election is something you should be considering. Let us tell you why.

Due to the recent announcement by the government to offer Stamp duty relief, improving stock supply and the stabilising of last year’s frenzied Urmston market, market conditions are perfect for buyers to save thousands of pounds when purchasing their new homes. We feel that waiting until later in the year is a bad move as prices will start to climb again after the election as the market gathers pace. In this event, the intended benefits of stamp duty relief will begin to reverse as asking prices rise.

Since the start of the year, VitalSpace have seen an increase in assistance from the Bank of Mum and Dad with increases in prospective buyers registering their details with large parental backed deposits. Whatever your source of funding – act now and strike whilst the iron’s hot. The closer we get to the election in May the more certain elements of the property market may start to slow down.

Stamp duty relief, which was introduced by George Osborne in the autumn to inject some momentum into the UK market. The relief will benefit mid-market house hunters saving thousand off the previous property moving tax rates.

Looking to sell?

Act now to benefit from a short supply. Typically, sellers wait till the warmer spring months when the garden starts to improve and the lighter nights arrive.

But…. why sell your property when everyone else is selling theirs? Selling when conditions are good for buyers and when there is limited properties on the market makes sense and in recent cases, can be rewarding with strong offers from buyers.

If you’re thinking of buying or selling, contact VitalSpace Estate Agents. Winning awards for our customer service, we know how to take care of our customers. Why not call into our office and over a warm cup of coffee, a member of our friendly team will we can see how we can help you take advantage of the Urmston property market.